Avolon executes 39 lease transactions; raises $1.4bn debt capital in first quarter

Avolon has executed 39 lease transactions in the first quarter of the year. The transactions are made up of new aircraft leases, follow-on leases, and lease extensions. Additionally, the aviation finance company has raised $1.4bn of unsecured debt capital; divided between $1.15bn senior unsecured notes due 2029 and $250 million unsecured term loan due 2026. The company also delivered nine new aircraft and transitioned three aircraft to a total of seven customers. It sold nine aircraft and entered letters of intent for the sale of a further 17 aircraft. It entered into letters of intent for the sale and leaseback